ETH is still at the bottom. Target $5000
Updated
In my opinion, crypto is different from stocks. I know that most of us look at them like stocks with similar analysis techniques however, they play differently. For example, stocks are mostly linear in behavior while crypto is exponential (not parabolic). Hence, it is more reliable to look at one coin (assuming BTC as a reference) and look at how the other alt coins behave.
If we look at LTC, all analyses assumed (based on the stock behavior techniques) that it will retreat to $100-$150 and rest there while historically it jumps to about 0.018-0.02 BTC at every pump, this is about $300 which was almost hit today.
Hence, I am expecting the following longs:
1. 0.07-0.08 BTC ~ $1500 : Q1 of 2018
2. 0.13-0.15 BTC ~ $2500 : Q2 2018
3. 0.30-0.35 BTC ~ $5000-$7500 : Q3-Q4 2018
4. Back to around 0.05-0.08 BTC (USD value will not reduce, but BTC will increase) : Q4 2018 - Q1 2019
5. 0.8-1.0 BTC (expected in 2-3 years): Q4 2019- Q2 2020
If we look at LTC, all analyses assumed (based on the stock behavior techniques) that it will retreat to $100-$150 and rest there while historically it jumps to about 0.018-0.02 BTC at every pump, this is about $300 which was almost hit today.
Hence, I am expecting the following longs:
1. 0.07-0.08 BTC ~ $1500 : Q1 of 2018
2. 0.13-0.15 BTC ~ $2500 : Q2 2018
3. 0.30-0.35 BTC ~ $5000-$7500 : Q3-Q4 2018
4. Back to around 0.05-0.08 BTC (USD value will not reduce, but BTC will increase) : Q4 2018 - Q1 2019
5. 0.8-1.0 BTC (expected in 2-3 years): Q4 2019- Q2 2020
Note
ETHBTC Creeping nicely towards 0.07-0.08 BTCNote
ETH is close to pass the critical 0.06 BTC
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